Due to the increased need for alternative or private funding, the growth of size and number of MICs, or Mortgage Investment Corporations, has been increasing exponentially.

But until recently, senior executives of these investment teams have found themselves spending inordinate amounts of time on administration of the data.

So complex and time-consuming are these accounting/administrative chores that many of these dynamic leaders have found themselves unable to free themselves to concentrate on their core business, funding mortgages.

Enter Dolphin Enterprises, of Vancouver, with a solution.

Software from Dolphin Enterprises means MIC's don't have to rely on outdated technology.

Originally spun off from software products specifically designed for the use of trust companies, Dolphin's software was modified in response to major changes within the Canadian investment industry.

Dolphin Enterprises spotted a gaping need for administrative improvements within systems used by emerging MIC's, private equity groups and other private lenders.

After founding the company in 1976, Dan Dolphin - an MBA from the University of California (Berkeley) who added two engineering degrees from the University of B.C. - developed a model for customized new tools that have drawn rave reviews.

A University of Victoria graduate, Shannon Dolphin's extensive sales and marketing background has proven an invaluable asset as she continues to pursue her father's dream.

Dolphin Enterprises offers these revolutionary Canadian products on a low-cost subscription basis, priced as low as a few hundred dollars a month. Naturally, the price includes installation and full system support. "We're serving a niche-specific market and customer service is a key priority," says the company CEO.

Based on the bullish reviews submitted by Dolphin's growing roster of clients, Dolphin's MIC Manager and Syndicate Manager are exactly what the doctor ordered.

As recently as last week, Shannon Dolphin received a laudatory email from one super-satisfied client: "For what it's worth, we've been bragging to our bank about our MIC-specific software... we are happy to refer customers to you ... "

"Until my father (Dan Dolphin, the company's late founder) developed these software tools, mortgage investment corporations (MICS) were really struggling with administration of their increasing data.

"Without software, MICs and other financial management teams were burdened with administration to the point of impeding growth in addition to not having an effective analytical support system.

"Our products aren't designed exclusively for MICs. They work every bit as well for all private lenders, private equity funds, debt pools and limited partnerships," Dolphin says.

"They are a tremendous asset. Our customers report that this software helps to eliminate errors while dramatically reducing the time they spend on administrative tasks.

"With an effective electronic system, you can generate analytical reports that provide readily accessible, accurate data, presented by means of an extremely user-friendly interface. Once armed with this information, you're prepared to make intelligent corporate decisions."

Dividend calculations and allocations were taking many days and weeks and with the MIC Manager dividend runs are done in merely minutes or seconds. MIC Manager saves private lenders both time and money because it:

* Records mortgage details, including interest rates, calculation of payments, arrears;

* Generation of analytical reports;

* Records all pertinent syndicated mortgage details;

* Records all share-certificate details, including class, number of shares and issue dates;

* Automatically generates dividends (stock or cash);

* Exclusive configuration module enables the system administrator to configure/ customize the system to match the company's unique requirements. It includes such things as users, share classes, account types, transaction codes and fiscal periods; and Of course, there is much more to learn about how to strengthen your bottom line by the use of this remarkable software. The best way to get acquainted is to visit www.dolphinent.com, or call the Vancouver office at 604.685.6721.